Epoch Investment Partners Inc. Lowers Position in Axos Financial, Inc $AX

Epoch Investment Partners Inc. cut its holdings in shares of Axos Financial, Inc (NYSE:AX) by 16.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,051 shares of the company’s stock after selling 7,338 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Axos Financial were worth $3,278,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. State Street Corp grew its holdings in shares of Axos Financial by 0.5% during the 4th quarter. State Street Corp now owns 2,696,323 shares of the company’s stock worth $232,315,000 after purchasing an additional 13,669 shares during the period. American Century Companies Inc. grew its holdings in shares of Axos Financial by 1.5% during the 3rd quarter. American Century Companies Inc. now owns 2,413,512 shares of the company’s stock worth $204,304,000 after purchasing an additional 35,391 shares during the period. Geode Capital Management LLC grew its holdings in shares of Axos Financial by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company’s stock worth $154,687,000 after purchasing an additional 62,269 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Axos Financial by 8.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 740,652 shares of the company’s stock worth $56,319,000 after purchasing an additional 58,774 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Axos Financial by 7.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 721,572 shares of the company’s stock worth $62,171,000 after purchasing an additional 52,250 shares during the period. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Axos Financial Stock Performance

Shares of AX opened at $89.49 on Tuesday. The stock has a 50-day simple moving average of $89.77 and a 200-day simple moving average of $89.63. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $5.09 billion, a PE ratio of 10.87 and a beta of 1.24. Axos Financial, Inc has a 1 year low of $69.25 and a 1 year high of $101.92.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by ($0.23). The company had revenue of $392.25 million during the quarter, compared to analysts’ expectations of $372.51 million. Axos Financial had a net margin of 22.53% and a return on equity of 16.48%. During the same quarter in the previous year, the business posted $1.81 EPS. On average, analysts predict that Axos Financial, Inc will post 8.49 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Michael James Watson sold 1,653 shares of Axos Financial stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $83.77, for a total value of $138,471.81. Following the completion of the transaction, the executive vice president owned 4,592 shares in the company, valued at approximately $384,671.84. This trade represents a 26.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Roque A. Santi sold 500 shares of Axos Financial stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $87.77, for a total value of $43,885.00. Following the completion of the transaction, the director owned 7,646 shares of the company’s stock, valued at $671,089.42. The trade was a 6.14% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 4.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Weiss Ratings cut Axos Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Needham & Company LLC restated a “buy” rating and set a $110.00 target price on shares of Axos Financial in a report on Monday, March 16th. Raymond James Financial upgraded Axos Financial from an “outperform” rating to a “strong-buy” rating and lowered their target price for the company from $110.00 to $100.00 in a report on Tuesday, April 7th. Finally, Zacks Research cut Axos Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Axos Financial presently has a consensus rating of “Moderate Buy” and an average price target of $109.40.

Axos Financial Company Profile

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.